Overview

This bill amends the Telecommunications Infrastructure (Relief from Non-Domestic Rates) Bill, extending the timeframe for relief from business rates for telecommunications infrastructure. Essentially, it delays the end date for certain tax breaks for companies involved in providing telecommunications services.

Description

The bill makes several amendments to the original Telecommunications Infrastructure (Relief from Non-Domestic Rates) Bill. Key changes include:

• Extension of Relief: The bill extends the period of business rates relief for telecommunications infrastructure until at least April 1st, 2022. This relief applies to various aspects of telecommunications infrastructure.
• Regulatory Power: It grants the appropriate national authority (likely different bodies for England and Wales) the power to extend the relief beyond April 1st, 2022, via regulations. These regulations must be approved by Parliament (or the Welsh Assembly, as applicable) before taking effect.
• Amendment to Clause 1,2 and 3: Specific amendments to clauses 1, 2 and 3 of the original bill are made to reflect the extended relief and power to make further extensions.
• Schedule Amendment: The schedule adds a new section that outlines the procedure for creating and approving regulations extending the relief past the initial 2022 deadline.

Government Spending

The bill increases government spending by extending tax relief for telecommunications companies. The exact financial impact is not specified in the bill text but would depend on the number of companies benefiting from this extension and the value of the relief.

Groups Affected

• Telecommunications Companies: These companies will benefit from continued tax relief, potentially reducing their business costs.
• Local Authorities: Local authorities will receive less money in business rates during the extended period of relief, potentially impacting local services and budgets.
• UK Government: The UK Government will incur a higher financial burden due to the extended tax relief.

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